A combination of e-learning and an online Q&A session
Service providers in the financial sector play a vital role in combating money laundering and terrorist financing. Every financial institution is required to conduct due diligence on its clients and business relationships, and is therefore obligated to train its employees regarding the Wwft (Anti-Money Laundering and Anti-Terrorist Financing Act). With this objective in mind, we developed the Wwft Awareness e-learning course. However, if you feel a standard programme is not quite enough and require training that addresses your organisation’s specific procedures, we can provide bespoke solutions. A prime example is the combination of e-learning and an online Q&A session that we put together for LeasePlan Bank.
LeasePlan Bank chose The Ministry of Compliance because the Wwft Awareness e-learning aligns perfectly with first-line controls on client onboarding. Furthermore, it was important to them that their employees received a certificate upon successful completion of the course.
E-learning followed by assignments
First, the participants completed our intensive Wwft Awareness e-learning course. This covered topics such as money laundering, the financial sector’s role as a gatekeeper, client due diligence, and ongoing monitoring throughout the relationship. Following this, they received two practical assignments, integrated into our online learning environment. These assignments were hands-on and perfectly tailored to the guidelines and client portfolio of LeasePlan Bank.
Interactive online session
Once all participants had completed the e-learning and assignments, an interactive online Q&A session was held via Microsoft Teams, led by two of our specialist consultants. During this online session, participants could ask questions based on the theory. The client’s own case studies were central to this session as well. The participants prepared the cases in small breakout groups, after which the outcomes were discussed in a plenary session. This approach was highly successful: “Because of this combination, there was far more interaction from the participants,” a representative from LeasePlan Bank explained. “The interaction within the group allowed the participants to reinforce each other’s learning, helping them absorb the theory better. The training has enhanced our employees’ knowledge. They are now able to independently assess whether screening results are a false positive or a potential match, and they can handle these matches autonomously.”
Find out more
We believe that our training courses must have practical relevance for all participants. We are happy to tailor our standard programmes to ensure they align perfectly with what is happening within your organisation.
Would you like to know more about our bespoke options? Visit our custom training page or contact us for personal advice.